TEQlease Finances
School’s Computer Labs
TEQlease Capital provided
Granada Hills Charter High
School, the largest charter
school in the nation,
with lease financing for
the school’s computer
laboratories used by
more than 220 students
in imaging and cartoon/
animation; yearbook and
photo production; and
music technology.

BANK PROVISION CHARGES CONTINUE DECLINE
AS PORTFOLIO QUALITY IMPROVES
THE DATA SHOWN BELO W provides insight into the magnitude of change that has occurred over the past three
years as improving loan portfolio quality and attendant drop in credit costs have helped offset declining
revenues. This trend is not likely to continue, forcing banks to compete more aggressively to book earning
assets to sustain future earnings performance. n

PROVISION CHARGES

YTD/September 2009-2011

= billions

Citizens’ CEO Among Most
Powerful Women Bankers
Ellen Alemany, chairman
and CEO of Citizens
Financial and head of
RBS Americas, was
recognized by American
Banker as the fifth most
powerful woman banker
on this year’s list of
“The 25 Most Powerful
Women in Banking.” She
ranked No. 13 on its
2010 list. Alemany was
recognized for guiding
CFG through the financial
crisis by creating a
five-year strategic plan
that made the company
stronger across each of
its lines of business.

BANK

Bank of America

YTD9/30/09

38. 46

YTD9/30/10

23.31

YTD9/30/11

10. 48

VAR’09 VS ’ 11

- 27.98

CHG’09 VS ’ 11

-72.8%

$150

AS A GROUP…

120

Citigroup

30.92

20. 56

9. 13

- 21.79

-70.5%

JPMorgan Chase

24.73

13.60

5. 39

- 19. 34

-78.2%

90

Wells Fargo

15.76

12.76

5.86

- 9.90

-62.8%

60

U.S. Bancorp

4. 17

3. 44

1.85

- 2. 32

- 55.6%

Western Finance &
Lease Now Western
Equipment Finance
Western State Bank’s
equipment finance
subsidiary, Western
Finance & Lease, changed
its name to Western
Equipment Finance to
more accurately signify
its core focus and
clearly identify product
offerings.